Annual Payment Amount definition

Annual Payment Amount shall have the meaning set forth in Section 2.7(c).
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Annual Payment Amount means the amount paid directly by the municipality to the board of education under Section 2 of this agreement.
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Annual Payment Amount means any payment made by the Buyer to the Sellers in a calendar year under Section 2(b)(ii) of this Agreement.
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Examples of Annual Payment Amount in a sentence

  • Notwithstanding the foregoing, in the event the Company fails to make any Annual Payment Amount under Section 2(b)(ii) of the Stock Purchase Agreement, and said nonpayment continues for a period of greater than sixty (60) days after receipt by the Company of written notice of default from one or more of the Sellers (as defined in the Stock Purchase Agreement), the provisions of this Section 7 shall be void and of no further force and effect.

  • Except in the cases of fraud, gross negligence or intentional misconduct ASL’s aggregate liability to Reliant under this Agreement for any calendar year during the term of this Agreement shall not exceed the net amounts paid by Reliant (amounts paid less the Annual Payment Amount rebated) under Section 2.7 above with respect to that calendar year.

  • If the Annual Payment Amount is less than zero ($0.00), ASL shall credit Reliant that entire amount by way of a volume rebate in Kgs (the “Volume Rebate”) in the next invoice to Reliant for purchases.

  • Your GIB Benefit Base is used to determine your GIB Annual Withdrawal Amount and any GIB Annual Payment Amount that may become payable if your Protection with Investment Performance Account Value falls to zero as described below.

  • Withdrawals made before your (or your Successor Owner's if later) [59 1/2th] birthday do not affect your Guaranteed Annual Payment Amount, except as described in this Section under "Income Base".

  • The Annual Payment Amount shall be adjusted on the first day of each Contract Year, commencing in 2015, by an amount equal to the annual change in the PPI rounded to four decimal places; provided, however, that (a) the cumulative annual percentage increase in the Annual Payment Amount during the term of this Agreement shall not exceed three percent (3%), and (b) Annual Payment Amount, as adjusted, shall not be decreased below the Annual Payment Amount applicable as of the Commencement Date.

  • Next steps will deepen and systematize implementation of PBIS establishing School Wide Discipline Plans at each school and monitoring implementation.

  • The Quarterly Payments shall be payable in lawful money of the United States of America at HEP’s address set forth in Section 5.7. The Annual Payment Amount shall be paid without any claim on the part of HFRM for diminution, setoff or abatement and nothing shall suspend, xxxxx or reduce any Annual Payment Amount to be paid hereunder, except as expressly provided herein.

  • The Company shall send a letter to Parent during each subsequent taxable year indicating the portion of the unpaid Section 8.2 Amount that Parent shall pay to the Company in that taxable year, which amount shall be the Annual Payment Amount for that taxable year set forth in a letter from the Company’s independent accountants.

  • Your GMIB Benefit Base is used to determine your GMIB Annual Withdrawal Amount and any GMIB Annual Payment Amount that may become payable if your Guaranteed Benefit Annuity Account Value falls to zero as described below.


More Definitions of Annual Payment Amount

Annual Payment Amount means the payment made to the Sellers based upon meeting or exceeding benchmarks for Revenues as defined in
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Annual Payment Amount means the payment made to the Sellers based upon meeting or exceeding benchmarks for Revenues as defined in §3(b)(iii) below.
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Annual Payment Amount means the amount paid directly by the City to the Board under
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Annual Payment Amount has the meaning set forth in the Call Agreement.
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Annual Payment Amount set forth in the table above shall be paid in four installments, each in an amount equal to 25% of the applicable Annual Payment Amount for the relevant period. The first such installment payment for the first Annual Payment Amount set forth in the table above shall be made by Buyer on the First Installment Date, and the first installment of each subsequent Annual Payment Amount shall be made on the applicable anniversary date of the First Installment Date with respect to such Annual Payment Amount as set forth in the table above, and the second, third and fourth installments for each Annual Payment Amount shall be made on the 90th day, 180th day and the 270th day, respectively, after the first installment for such Annual Payment Amount is due (each such installment payment date, an “Annual Option Payment Date”); provided that at Buyer’s election during each of the first two years of Annual Option Payments, up to two Annual Option Payment installments (including, for the avoidance of doubt, the first Annual Option Payment installment for the first Annual Payment Amount set forth in the table above) in any twelve month period may be paid by delivery by Buyer to Seller of an unsecured promissory note, in form and substance reasonably satisfactory to Seller (the “Promissory Note”), having a principal amount equal to the applicable Annual Option Payment installment, bearing ten and one half percent (10.5%) interest per annum, and shall mature and become due and payable on the earlier of the Call Closing or the termination of this Agreement if the Annual Option Payment installment applicable to such note would be payable in connection with the termination, in accordance with and subject to
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Annual Payment Amount means the amount paid directly by the Village to the School District under Section 2 of this Agreement.
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Related to Annual Payment Amount

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Payment Amount as defined in Section 3.5.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Payout Amount means the vested portion of the Final Amount expressed as an amount of cash equal to the Fair Market Value of the shares of Stock underlying the RSUs and related Dividend Equivalents.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the quotient of (I) the Principal amount outstanding under this Note as of the initial Installment Date, divided by (II) the number of Installment Dates occurring hereunder (as determined as of the initial Installment Date assuming no Deferrals, Accelerations, redemptions or conversions hereunder prior to the Maturity Date) and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest and Make-Whole Amount with respect thereto as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of the each unpaid Installment Amount hereunder.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Final Payment Percentage is five percent (5.00%).